218 & 216 W READ St Baltimore, MD 21201
New
- Added:
- Apr 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Apr 24 at 3:26 pm
Property Features for 218 & 216 W READ St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent Mark M Novak (410) 449-7770
Listing office (410) 449-7770
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Mark M Novak
Overview
Mt. Vernon Mixed-Use Investment
Located in the Mt. Vernon neighborhood of Baltimore, this mixed-use property features two street-level commercial storefronts and four residential apartments. The property offers diversified revenue streams and buyer appeal due to its location and the strong rental demand in the area. The property currently generates $5,175 per month, with three residential units and both commercial spaces occupied. One residential unit is vacant, presenting an opportunity to increase cash flow, set market rent, or occupy the unit. With full occupancy, projected rents could reach $6,025 per month, or $72,300 annually. Mt. Vernon's walkability, cultural institutions, dining options, and proximity to downtown, universities, and transit contribute to consistent demand in both the residential and commercial sectors. The property is suitable for investors seeking stable income, owner-users looking to live or work in a prime location while offsetting expenses, and buyers focused on long-term appreciation and mixed-use diversification. The property is offered as-is. The location has a bike score of 84, a walk score of 94, and a transit score of 90.
Location Intelligence
Current Use by Public Records
The Tasha's Tresses
Hair Salon
The King of Lashes
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.619052
- Latitude
- 39.3007867
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Six-unit mixed-use property in Baltimore's Mt. Vernon neighborhood.
Where is this mixed-use property located?
The property is located at 218 & 216 W READ St Baltimore, MD.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime location in Mt. Vernon, a highly desirable Baltimore neighborhood with strong rental demand.; Mixed‑use property with diversified income from commercial and residential units.; Immediate opportunity to increase cash flow by leasing the vacant residential unit.
